Azul (ADR)
Connects Brazilian regional cities through a mixed-fleet airline network.
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Profile
Generates most revenue from scheduled passenger flights in Brazil, supplemented by ancillary services, loyalty-point sales, cargo and travel packages. Its mixed fleet and hub network connect lower-density domestic routes with international service.
Operates scheduled passenger service across Brazil, linking smaller and underserved cities through hubs at Campinas/Viracopos, Belo Horizonte/Confins and Recife, while also flying internationally. Passenger tickets, ancillary services and loyalty-point sales form its revenue base; Azul Cargo, Azul Viagens, Azul Fidelidade and Azul Conecta extend the network into logistics, travel packages, rewards and subregional routes.
Matches aircraft size to route density through a fleet spanning regional turboprops and jets to Airbus narrowbody and widebody aircraft, using domestic connectivity to feed hub and selected international services. Operations depend on Brazilian aviation authorizations, airport slots and permits, aircraft and engine suppliers, fuel supply, leased facilities and partner-provided international and loyalty access.
Company facts
Categories
Key statistics
Year to date −18.1% · Average volume (30d) 223.8K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.49 | −$0.54 | −10.4% | $974.5M | $953.0M | −2.2% | +2.05% |
| May 12, 2026Q1 FY26 | $0.45 | $1.50 | +233.5% | $1.12B | $1.07B | −4.6% | — |
| May 15, 2025Q1 FY25 | $0.04 | −$2.18 | −5,550.0% | $5.13B | $923.7M | −82.0% | — |
| Feb 24, 2025Q4 FY24 | $0.12 | $0.09 | −25.0% | $5.62B | $894.5M | −84.1% | — |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $949.5M | $1.08B | $1.09B | $1.05B | $978.1M | |
| Gross profit | $434.9M | $125.8M | $303.4M | $312.8M | $251.9M | $20.4M | |
| Operating income | $284.5M | −$7.0M | $159.7M | $312.8M | $129.9M | −$57.5M | |
| Net income | $317.7M | $282.0M | −$257.0M | −$318.0M | $1.16B | −$275.2M | |
| Diluted EPS | $1.07 | $0.95 | −$0.86 | −$1.07 | $15.81 | −$1.49 | |
| Gross margin | 42.0% | 13.3% | 28.1% | 28.8% | 24.0% | 2.1% | |
| Operating margin | 27.5% | -0.7% | 14.8% | 28.8% | 12.4% | -5.9% |
Fiscal years (4-quarter sums)FY24 $3.75B · FY25 $4.15B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $243.4M · Total debt $4.11B · Total assets $5.90B · Shareholders' equity −$988.8M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 22, 2026 | May 22 | May 28 | $0.055 | special dividend |
| Apr 13, 2026 | Apr 13 | Apr 15 | $0.0932 |
Ownership
Shares outstanding 103.92M · Float 102.88M · 99.0% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- LATAM Airlines Group (ADR)
Main domestic rival across Brazil's trunk routes and airline loyalty.
- Copa
Panama-hub Americas itineraries overlap from Brazil's major gateways.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Azul (ADR) | $7.39 | −0.14% | $767.9M | 0.6 | — | 4.0 | — |
| LATAM Airlines Group (ADR) | $50.25 | −0.66% | $14.51B | 9.7 | 8.6 | 0.9 | +28.5% |
| Copa | $130.53 | +0.88% | $5.34B | 8.5 | 7.2 | 1.3 | +25.7% |
| Median | 9.1 | 7.9 | 1.1 | +27.1% |




